Market News / Story
Ether longs take the brunt of crypto's $1 billion liquidation flush
Crypto Briefing ·
Crypto Briefing reports: Crypto's leveraged traders had a rough October 8. More than $1 billion in positions were forcibly closed across the market within 24 hours. Ether took the worst of it. CoinDesk reported that ether bets were wiped out at six times Bitcoin's rate during the flush, and some estimates put ETH liquidations near $356 million. Estimates of ether liquidations vary. They run from approximately $318 million to $335 million, with some tallies climbing toward $356 million.…